RE: Crypto Current Affairs—Is Bitcoin Legal Tender in India? by acidyo

Viewing a response to: @firepower/crypto-current-affairs-is-bitcoin-legal-tender-in-india

bitcoin · @acidyo · Jul 2 '17

$2.80

So you could say that posts like these are really confusing and can get Indian users in trouble?

>Bitcoin officialy Legal in India!
>But despite it... Bitcoin from now on is considered fully legal.
>If you never used LB just register, you never know when you can make some premum BTC sell there.

https://steemit.com/bitcoin/@kingscrown/bitcoin-officialy-legal-in-india

👍 firepower, mv009, nitesh9

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@firepower · Jul 2 '17 (edited)

$6.40

It could as we need users who understand the technology at basic level to use it in India instead of simply hopping on the hype train and potentially risk their finances.

👍 steemaccess, acidyo, pharesim, indiasteemit, nitesh9, lenatramper, projectnewbie, samether, cryptochannel

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@altcointrends · Jul 2 '17

$0.07

Certainly Bitcoin and crypto's are still "too technical" for the average person.  We really need to help it become more user friendly for mass adoption.

👍 firepower

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@firepower · Jul 7 '17

absolutely!

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@gursewaksebhi · Jul 2 '17

$0.07

It is not legel yet. I think it will legel in near futur but gov. will need some tym..
U see indian btc exchange ZEBPAY has more customer then total nm of people using btc apps in korea.
And in the past few mnths there is regualr increase in demands of btc in india

👍 firepower, mohamandanif, sureshsihag

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@firepower · Jul 7 '17

That's incredible when you think about it!

👍 mohamandanif, sureshsihag

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@nitesh9 · Jul 3 '17 (edited)

$3.85

No, I don't agree with that. As I am an Indian, there is no say from the Govt. side to make bitcoin legal. But it's not illegal also.

It's not in use for general trade and not accepted in shops etc. (unlike in Japan)

Indian Govt. is little slow and thoughtful regarding online trade, even some forex trading is illegal in India. Also online payment systems like Paypal are not fully and smoothly functional in India.

We hope GST and other new financial evolutions will pump the status of online trading and bitcoins in India in near future. :)

👍 thing-2, acidyo, pharesim, oceancoinz, breezy5422, pain, projectnewbie, lenatramper, samether, cryptochannel

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@firepower · Jul 7 '17

That's true man!

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@liberosist · Jul 2 '17

$1.76

People have the right to write whatever they want, but the Steem community should be wise to it and not upvote misinformation to a thousand dollars.

👍 thing-2, firepower

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@acidyo · Jul 2 '17

$0.07

¯\_(ツ)_/¯

👍 firepower

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@firepower · Jul 7 '17

Hahah! Absolutely right dude! Well said! Steemit community needs to pay attention to who they vote and why!

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